Racing NSW - minimum bet regulations

[Bunk Moreland]

http://www.racingnsw.com.au/default.aspx?s=latest-news-display&id=16086

Can somebody confirm how this works?

I saw today that the NSW Govt has backed this too.

Corporates are now not permitted to refuse bets up to $2k on NSW Racing, nor close accounts to achieve that?

About *in time if true

 

[Lensen]

Been that way since September, although the will hill and ladbrokes groups don't believe the law relates to them

 

[KardiniaPark]

Been that way since September, although the will hill and ladbrokes groups don't believe the law relates to them

B365 cut me down way after September. I'll have to check but I think they let me on for slightly less than half of what I wanted but it was a $61 chance. Today was fine though so I guess they'll let you on to win a certain amount, ie- you can't have $200@51 but you can have $500@6? Not exactly sure what their magic number is. I think maybe they just make it up as they go along.

 

[Lensen]

It's win $2000 ($1000 country) for metro, not $1000 at any odds. In practice it seems to be about $1010-1015 rather than $1000

 

[Bunk Moreland]

Not brilliant but I'm glad something is being done. You have to start somewhere and hopefully Racing Vic follows suit.

A racing market is just that - a market - and excluding participants is simply market fixing.

 

[Hamingja]

Been that way since September, although the will hill and ladbrokes groups don't believe the law relates to them

"Some online bookmakers have refused to express unqualified support for the new minimum bet rules and therefore the NSW Government is making a regulation to enforce the new minimum betting rules.”

V'Landys getting things done.

 

[Duritz]

In other news, Elvis is dead.

 

[Strange Cat]

It's win $2000 ($1000 country) for metro, not $1000 at any odds. In practice it seems to be about $1010-1015 rather than $1000

Is this just for the day or only restricted for each bet?

 

[FallingLiefs]

Is this just for the day or only restricted for each bet?

Each race.

 

[Strange Cat]

Each race.

Thanks

 

[Duritz]

In other news, Elvis is dead.

Gold